Oct
10
Caesars Unit Completes Spin-Off of Real Estate Business
ByThe new VICI Properties entity debuts as an “experiential-asset focused” REIT and one of the nation’s largest owners of gaming, hospitality and entertainment destinations.
They came, they saw, they closed the deal.
VICI Properties Inc. has completed its spin-off from Caesars Entertainment Operating Co. Inc., a subsidiary of Caesars Entertainment Corp., and in the process has become an “experiential-asset focused” REIT and one of the nation’s largest owners of gaming, hospitality and entertainment destinations, the parties announced…